South Africa recorded a Government Debt to GDP of 72.20 percent of the country's Gross Domestic Product in 2023. Government Debt to GDP in South Africa averaged 46.48 percent of GDP from 2000 until 2023, reaching an all time high of 72.80 percent of GDP in 2022 and a record low of 27.80 percent of GDP in 2008. source: South African Reserve Bank
Government Debt to GDP in South Africa is expected to reach 73.90 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Government Debt to GDP is projected to trend around 74.70 percent of GDP in 2025 and 75.50 percent of GDP in 2026, according to our econometric models.